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CZ doesn’t want to compete with Coinbase; Philippine treat all tokens as securities; Bithumb volume plummets by 40%; Japan company loans with crypto

What Crypto insiders are reading on Asia.

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Do you have an idea that will take the blockchain and Ethereum ecosystem to the next level? Applications are now open for ConsenSys Venture’s Tachyon Accelerator. The San Francisco based blockchain and Ethereum-focused accelerator program will run from mid September to mid November. Each project will receive $75-$100k in pre-seed funding for 5% to 7% of equity depending upon the stage of the company and 2.5% of the total market cap tokens mapped.

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Apply to Tachyon! The deadline is August 10, 2018. Review the application questions here.The three Tachyon Tracks include:Blockchain project track?—?blockchain-agnostic projects looking to build a business around their product or serviceOpen Source, grant driven track?—?to support the research and development of projects that are building the core infrastructure to help make Ethereum more scalable and secureBlockchain for Social Impact track?—?social-impact focused projects that are not necessarily profit drivenConsenSys Ventures is now hiring, check out the open roles here.

Read more:Medium post by Joseph Lubin Join ConsenSys VC’s Tachyon AcceleratorCoindesk on Tachyon Ethereum Accelerator to Offer Crypto Coders Resources and ‘Reality Check’CV website | @ConsenSysVC | Tachyonemail: tachyonteam@consensys.net

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Top News from Wednesday through Friday

Korean Exchange Bithumb’s trading volume has plummeted by 40 percent in three days after it temporarily stopped opening new user accounts. http://bit.ly/2OHrNUs

The Philippine SEC approves draft rules for ICOs and cryptocurrencies, looking to define all tokens as securities by default. http://bit.ly/2LWHTev

CZ- “We don’t want to compete with Coinbase and Gemini. The strategy there requires lots of lawyers and lobbying.” https://for.tn/2M1nox6

A Japanese company listed on the Tokyo Stock Exchange is offering loans secured by three cryptocurrencies: BTC, BCH, and ETH. http://bit.ly/2M3of0e

‘Keep NEO as One!’ Investors protest proposal to make NEO Divisible. http://bit.ly/2OJNdQP

Korea’s Financial Supervisory Service has advised local regulatory agencies and companies to work towards developing an integrated blockchain system for stock transactions. http://bit.ly/2LZnJQZ

Coin and Token News

BM presents a solution for lowering the capital costs of using network and CPU resources on EOSIO based blockchains. http://bit.ly/2M0GJyl

Jihan Wu at BCH conference: “crypto exchange tokens, such as Huobi’’s HT, okEx’s OKB and Binance’s BNB, set good examples, as they deliver economic benefits to token holders while having some platform use”. http://bit.ly/2M7mKOV

VeChain’s introduces drug and vaccine traceability solution post China’s Vaccine Scandal. http://bit.ly/2OJV8xp

Exchange News

Huobi targets 30% market share in Korean crypto market next year. http://bit.ly/2M3t61q

Upbit holds 103% of cryptocurrency deposits in reserves. http://bit.ly/2OJFcLV

Canada’s “Coinbase” Coinsquare has listed XRP for trading. http://bit.ly/2OHnubK

Coinmarketcap.com has launched a professional-grade API for aggregated market data and added support for derivatives markets. http://bit.ly/2OHns3C

Business News

Japan’s SBI Holdings has invested $15 mn into artificial intelligence startup AntWorks of Singapore. http://bit.ly/2LZohX3

JD’s blockchain applet “Smart Life” allows users to see goods that have been tracked through its supply chain lifecycle on the blockchain and purchase them directly, such as hairy crabs. http://bit.ly/2OM70iK

A Chinese media mogul is building out a nearly $300 million crypto hub in CT, and it could include a college focused completely on fintech. http://bit.ly/2OJWnwD

The trial version of Port Community System using blockchain technology will be up at four of the major Indian ports. http://bit.ly/2OKnEPR

Regulation News

A crypto investor recently brought a lawsuit against the crypto exchange OKCoin over the BTC to BCH fork in Beijing Court. http://bit.ly/2OGeUtL

In India, a fraudulent crypto investment company named ‘Ripple future’ has defrauded 300 mn Indian Rupees. http://bit.ly/2OHZ0iw

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Check our past 6 weekly pieces on A Guide to Asia Crypto funds/investors, Takeaways on Asia Crypto from Techcrunch Zug, Cryptokitties, Binance, Bitmain, and China’s Crypto winners